Securities Litigation Counsel

The Arizona State Retirement System (ASRS) Master Agreement CTR067438 is a specialized Indefinite Delivery Vehicle focused on providing securities litigation counsel services. The contract, awarded to Barrack Rodos & Bacine, enables the procurement of comprehensive legal services related to monitoring and potentially initiating domestic and international securities class action cases. Key services include evaluating investment holdings, recommending lead plaintiff status, providing legal advice to the ASRS Securities Litigation Oversight Committee, and filing necessary legal documents. The engagement is structured on a contingency basis, with the law firm compensated from settlement funds, not exceeding 25% of any recovered amount.

The master agreement is structured with Barrack Rodos & Bacine as the prime contractor, with an initial contract term of twelve months and potential extensions up to five years. The current contract period runs from August 29, 2023, to August 28, 2024, with an amendment already executed for renewal through August 28, 2025. The contract covers the state of Arizona and is classified as a Master Agreement. While the contract itself does not specify a direct monetary value, the law firm provides services on a complimentary basis until a successful recovery, with associated legal expenses absorbed by the firm. Supporting documentation includes multiple certificates of liability insurance with coverage limits ranging from $1,000,000 to $5,000,000 across various policy types.